The United Negro College Fund, with support from former Presidents Bush and Clinton, on Wednesday announced a new fund raising campaign on behalf of historically black colleges in New Orleans and the Gulf region that suffered financial losses because of Hurricane Katrina, The Times-Picayune[1] reported.

The U.S. Court of Appeals for the Sixth Circuit on Wednesday rejected the arguments in a suit[2] by the Thomas M. Cooley Law School challenging the accrediting procedures of the American Bar Association. The Michigan law school sued the ABA for sanctioning its opening of branch campuses without prior accrediting approval. The appeals court, upholding a lower court's ruling, found that there was no denial of due process.

Texas Southern University's endowment has been seriously mismanaged, according to a state auditor's report released Wednesday, The Houston Chronicle[3] reported. The university was criticized for spending endowment funds directly and not just interest, for having poor records so that the exact amount of spending couldn't be determined, and for not having a properly diversified investment portfolio. The chair of Texas Southern's Board of Regents, which fired the university's president amid a growing financial scandal, said that the problems would be fixed.

The State University of New York at Buffalo is attracting attention as the first Division I-A institution to have black people serving as athletic director, football coach, and basketball coach, the Associated Press[4] reported.